ANNUAL REPORT AND FINANCIAL sfATEMENTS AS AT 31 DECEMBER 2024 SAINT FAITH'S COMMUNITY & YOUTH FOUNDATION CHARITY REGISTRATION NUMBER 1185846 Ind2pendent ExBminer5 Ltd The Graln Store Hllls &rns,Appledram Lane South hi¢hesier P020 7EG WNT FAThM'S COPIMVNrrY • Yoiirm FOUNDATION COIITENTS OF THE PIPIANCIAL STATEMENTS FOR TIIE YeAA ENDED 31￿ DECEMBER 2024 Ppg• 3 Ltyol and *Arnln15tr0￿On Infrym•ty Pau￿4-s Rewt of th• Tiust••5 Pig• 6 Independ•nt Ex•mln•rs Report to th• P•g• 7 Statement of Ilnanclal AcVvlty•s B•lanc• Sh•qt p•o•9-12 ot•5 tp th• fln•nd•1 St•t•n*Dts SAIIIT FArrii's COMMUNITY & YOUTH FOU14DATiof4 REPORT OF THE TRiI$TEES FORTHE YEAR tNDED JI DECEMBER 24 LEIIALAND ADMIP4fsTRATIVÉ IIIFOIiIIATION REsI•TI￿71oM NUMBER I185￿6 OATE OP RE&IknAATION cIo- rouNDATIC¢I 16 0¢17019 •QV•RI4INII IMICUIIqNT Conit*utbn idopted 20 )uny IOIP rART OP PINAiicfAL PERIO I JDnu•ry 2024 ENO OF PINAIICIAL PiAIOD 31 De¢embtr 2024 TRiI•TEf• AT ¢LO•E QF YIAft CinDn Mark Wllllaffffj Robeii Long Svlly Ann hodge VDlarle BUrr￿l-WO11qf Aobln WybDrn CelW Slober Tiealur coItRIIPONHNCE APDAE•• Rev NlchDIDJ QuDnNd Sl F•ltr'i Comrnunlty C•ntr• Rqd Poli Lon¢0 SE24 9Jq •lhllKEP• utty41 B•nk Plc, c•mb*WII •irthyi B•nk Flc, Pffkhorn Ryq £MARITA•LE o•JecT• D) To pr•rnote the benent ol the InhDbltsrti ol the Parlsh ol St Fiith'i, ènd the irthobiianti ol the irnrnediate n*ghbourhood, Chr15¢1•n eihos. pJrtnErfny logeihlr where •pgroprtJte wlih Ihv SLJlutOry QULh0rft￿s, diocue Jnd ¥oluDt•ry crp4n15ot￿Tr5} to dvanc• •ducOtion and to provlde fociiit*s In the Inteyesti of W4¢1fare for rEcie4tlon •￿1 I￿yure t5me Occup•t￿ wlth the object Improvlnll the condltlons ol IK¢ tor pBrtlclpints' bl T• maintain Jnd fflJnège St Falth'5 Centre In furtherarKe ol thE •bovE objecti. c) To rnake ￿•ll￿ts￿ o safe space for hire for grDUPS Ivlllllln9 object {•). for 9n￿p IndlvlduDI Nre for W￿la1 ocuiloN and th• ZNDIPENDeNT ÈXAIIINER K G(pm•x Independent Ex•mlnErs Lid The Gfdin store ApplEdram Lane SLWJth, Chlchoster, Vle5l 5uuex POI6 8NF St Faith's Community & Youth Foundation Trustees, Report For the year ended 31st December 2024 Staff, Trustees & Foundation Matters Despite some periods of challen8e, 2024 has been a significant year of growth and improvement for the operation of the St Faith's Centre. Following the resignation and subsequent departure of Paulo Rafael at the end of June, there was a period in which the Trustees once again took on a more hands-on role in the day-to-day running of the Centre. Simon Pimblett was appointed Acting Centre Manager in October 2024 and subsequently confirmed in post in January 2025. Hi&Tr appointment has brousht much greater stability and efficiency to the day-to-day operations of the Centre. During the year, the Trustees also began to consider future staffing structures and models of operation that might ensure greater stability and sustainability in the years ahead. To this end-and with significant development of the Centre anticipated in the coming years-the Centre Manager post has been made a full-time position, alongside the recruitment of a new Office Administrator (2.5 days per week). In May 2024, the foundation sold its property in Broadstairs, with the proceeds transferred to reserves. As these funds arose from the beque4t of the late Roger Armstwng, the Trustees have undertaken to apply them in accordance with the wishes he expressed. As part of the Trustees, continuing effortq to strengthen the Foundation's financial stability. the Prudent Reserve (disaster continsency fund) was increased to £50,CW during the year. At the same time, the Foundation's banking arrangements were streamlined.. accounts with Barclays were closed, and all funds consolidated into three accounts with Lloyds Bank-a Current Account, a General Reserve, and a Prudent Reserve. Going forward, the Trustees will seek to optimise returns on the reserve account8 and, where appropriate, diversify deposits across other financial institutions to ensure security and effective stewardship. In September 2024, the Trustees re￿IVed correspondence from the Parochial Church Council of St Faith's Church, outlining their desire to work more closely with the Foundation, with the longer-term aim of operatins as a single organisation. This initiative Is primarily intended to enhance the service of the local community and to streamlinc operations, given that the Foundation and Church already collaborate closely. The Trustees welcomed this approach and are now working together with the Parochial Church Council towards 8reater inte8ration of the two entities. Premises & Upkeep The Centre buildings have been maintained to a good standard throughout the year. That bein whic said. there are a number of maintenance issues which are beins addressed. and are now in hand with the appointment of a new Centre Manaser. In May 2024, the Trustees approved the refurbishrnent of the Centre kitche￿ a long- awaited project to improve both safety and functionality. The work was carried out by Dentons Caterin8 Equipnient in November 2024 and completed successfully, to the great benefit of both community users and hirers. The Trustees hosted a party to celebrate the kitchen opening shortly after work5 were completed, which a good number of Centre users attended and enjoyed. Activities & Lettings All regular user groups continued their activities during 2024, ensuring that the Centre remained a valued local hub for community and youth engagement. The St Faith's Summer Playscheme, which ran successfully for many years, was paused in 2024 due to the lack of a Centre Manager. The Trustees intend to review the viability and format of the playscheme in the coming year to determine whether it might be relaunched on a sustainable footing, Weekend and private hire bookings continued to be managed by Praetorium and are exected to increase in frequency with the irnPTovemeDts being made to the building. Acknowled8ements The Trustees extend their sin￿re thanks to all who have contributed to the running of the Centre this year. Particular appreciation is due to the Trustees themselves, who have continued to give generously of their time and energy to Sustain the work of the Foundation during a demanding period. Trustees, Responslbllltle8 The Charities Act 2011 requires the Trustees to repare financial statements for each financial year which give a true and fair view o the state of affairs of the Trust and of the surplus or deficit for that period. In preparing those financial statements, the Trustees are required to: 1. Select suitable accounting policies and apply them consistently. 2. Make judgements and estimates that are reasonable and prudent. The Trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the flnancial position of the Trust. They are also responsible for safeguarding the assets of the Trust and for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the Trustees by: Fr Mark Williams, Chair Date: 4th November 2025 SAINT FAITH'$ COMMUNITY &YOiITH FOUNDATIQPI FOR THE YEAR ENDED 31 DFCEMOER 24 INDEPENDENT EXAMi#eRT RtPO*T ON TME KCOIIIIT• I report to the Trustees on rny exominDtlon ￿ the •CCOunts of the •bove Chidtjwe IrKcrporated Or9D￿$￿￿On ("thB Cto'l for th• year ended 31 Decemter 2024. Al rhe Cloi tru5teei, you •re tt5ponsib￿ for thE prep•rnUon Dc D•te'. 15.12.25 K V¢IE,MAAT Indffpvndint EMDmin*r* Ltd ThE Gr•ln Store Appledrjm tone so￿. Chltthllt£r, P020 7EG SAIIIT PArrH'$ COMMU1117Y IL YOLITH FOUNDATION srATENEIIT OP nNANCIAL ACTIVITIES FOR The YEAR EIIDEO 31 DECENBER 14 un[est￿Cted Restrfcted Funds FuThYs TOTAL 2024 TOT*L 202) Don1t￿n3 LegKle5 21,820 21,￿0 37,376 chIr￿￿ble Ib 90,2Y 98,Z34 129,nl Oth* Tncth 2( B55,546 B55,546 3,661 TOTAL 97 ChDrfublè Artfviu 64,524 JO,114 114,6Jl Sl,332 SuppDrt Coiri 4b 79,401 79,404 TOTAL 16• 474 riET ZIICOIIEiiexpENOITUIIE) oepoA• IflCOMII(EXPEMDITUAI) •11 •71 NIT IIOVIIIINT 111 VUN AecoiiczLIATIOII OP PUIID•I To141 Funds bmught lo￿•rd Tr4rdl•r of FundA J2F,JO) 743 30,857 158,160 J63,•09 TOTAL ￿l•D0¢￿￿￿1￿D PORWAIP All of the ory401sation'% opèrations IM cl•i%ell ai corttlTrJltlg. Th2 notes on pagtt g to Jz roim of thtt• nn•nciii it•t•rn•nts. INT FAITH'S ¢QMMUNITY & YOUTH FOUPIDATION JILANCE INEET AT 31 DE¢EM•ER 102 31•K.24 31-Ib•c-23 Tatsl TaNJlbk a5￿t Tot•1 Flx•d T•wIb￿A￿•1l Cmnt 1,048 938.930 Cmh bl bvnk Jnd In hind 158,160 To¢•1 Cwr•Tri AW• •7 Cr•dltOr•i amwnl¥ f•lllng wltND Y41r io 1,260 IT CURRENT A￿￿TI 939 718 £rndlt•r•i •mounti l•lllng ￿￿e In I yr IIIT A•MTI loo Sb Sb ¢Y9,537 41,790 B5,505 )0,857 Dmignaied Restf*tod Fundi Th• fininciil it4tim*hts Approv￿, •uthDrfsvd Jnd i*r•d on th•lr b*￿•￿ bv.. /2- d)É'6Cfvf&cÉ Po£S- s*n•d on thèir bthlll by Trust nt Name.. £026k/ £0 •xl SAINT FAITH'S COMMUNITY Ih YoirrH FOUNDATION NoTes TO Ttrfo PlllANCIAL STATtMtWTS FOR THE YEAR ENDED JI DECEIIBER 14 Those Jcrounts hove be?n pre￿1¢4 under ihe hlstDrtc41 cosi conwenrion wlth Items recoqnised D¢ coit tir trJrrfJcllon vjluo ynlesj DlheTh¥lse stjtvd In relw4•nt notelsl to these iccounrs. The ¥ccount& hive been prepJFed In •Ccord•￿t with.. tho Statement ol Rqcofflmended Practlce.. AcuwJDtlng Reporun9 by Charft*5 preparlw their accounts In attordDnce the FlnJnclJl RopDrdny Standard appitcab* In the UK &nd Repuoik •f IreL)nd IfRS kOII 2nd adJltion Èllectlve i )anuèry 2019 and with the ChDrftles A(t 2011. The CIO const*ures 4 publlc benelrt eniity BG d￿ne￿ by FRS 102 No ch•n9E5 to 4rCOuntlng eStirn•t•* hbv• aCCurMd In tTh* MP0￿￿9 Pèiitsd Iqrlol prlor veir error hJve been Idenlmed kn the reportin9 1. 4CCOUlmllO POLICZE• Th• pIrt*u￿r poll¢l•i •dogl•d •r¢ Mtgut ￿lDW. These are Included In the St•iefflent of FI￿rKIn1 (SOFA) wh•n.' the CIO becorne5 enlltled lo the Incoffle,, It li more Ilkdy than not th•t the tiulLee* wlll rectivt tht re*Ourtti,' the monetory vtslue bv rny4¥urTd wllh wHl¢*nt rill•¥lllty. and dOn•t￿ni 4r• In SOFA whw th• ginir•l Inyjrrrf vltsrl• •r* mrt IS.10 to 5.12 FR5 IQ2 SORPI. Glft Ald MttlvaOI• li Inrlu¢¢J In Incorne wh•n th•r• ￿ • v•lkJ d•(￿rit￿n frgm th• donor. Iny Gltt Alrt ¥mDUnt r￿￿rI4 on • dtsm1l￿ li consldero¢ to ￿ port ol thit gllk •nd th tr••l•d 41 iddlbon to th• wne fvnd is th• Inltyil dgn•llDn th• donor or the t•rms ol th• •ppt41 hiv• ipecined other¥*M. Thli li only InElud¢d In Ihv SOFA on¢y CIO h•1 ￿¥￿j•d Ihq id•tid or or mit lh¢ perfvrm•nc¢ ¢vndl¢lw•. Th¢ CIO noi r¢1 the of InYMlment% ind •ny gDln Dr Iws reiultlw trom r•viluln9 In￿l￿entS to ffl•rkel v•hJ Cfv•rii•ble AGtlvltlE Chirllitrle eKppndl¢ure rnmprhE5 those cwrs Incurred by the ¢h•rtry In the deNvery ol It5 icllO1*5 Dnd for Its bEnef*lides. LlJblllt4e5 are iecoqnised where It Is more Ilkely thon not that there Is o le901 Or constructfve Obl￿a￿On comffltbnp cio ￿ payout mSOurces ènd the arnojnt of the oblYJ•tknn be mea£ured wlth r¢ésun•ble c¢rtainty. Support costs rePr￿ent the cost ol ttntial functio￿, for example gtsvemènce ￿ts, ptyrOII administr4t￿)ts, informauon techn￿0(¥. Qvemance costs are those Support costs r411￿ to publ1¢ actountabiiKy Of th* Charfty and its cornpiwnct rnguIat￿)n and good praCUCe. SAINT FArnI% COMMUNITY & YOIThH FOUNDATION IIOTES TO TME VINAf4CIAL STATEMENTS FOR THE YEAR ENDED 31 r)E Toi•l Vund• 100 971 600 939 710 L•gÈCY Fund -Thwe fund5 ￿rI iv fund• u thi Bropdit41rl prOPth*y w4• Ind fund w•1 no longRr ptydent Lloyls attount- ThlS 15 the agreed amwnt by the Trustees to hold for general rns•r¥•s, ￿ ju￿ 24 W•B 19r¢ed lo Incruse tne gentral Itom £30,DUO ts £50,UOO. Tne only movement thli •ttDunt Wlll b• Int4feit rnc•i¥4d. . #TAFF cosf8AfiD WVP4BERS Z•24 2023 waqls and 5aiarvdg Employees Natlonil InwrJn(I EmpluyEfd 17.501 J,450 44 40,515 8S6 2014 2023 Average rtUrn￿r tyl*rnployetJ dur5ni th* year 140 employee received thnoluments orrnorn than É60,000 In this r* th• PrnvlOUS WNT FAITHY COMMUNITY • YOUTH FOUNOATION IIQTesTO THE FINANCIAL STATEMeNTI (tontlfiwd) FOR TWE YEAR ENDED 31 DECEM•ER 24 7. AND OTMeR RELIT¢fi PARTI1• No pDymenis **re rnade to tNu6tee5 or any petsons connected wtth them dufir4 tNs finindil peiiod. No mJterWI tr•MKtlon Iutsk pthte between the Qrganlslltlun o trustee or any per￿￿ ConnEtted wlth them. . TAIIfjI•LE FIXID ASaET• No 05Jels were fvtld Ihls flNnctryl {2023- 14111 9, OE•TOR8AIIO •AEPAYIIEWT8 T•tsl Tthl 1025 Tfade Debtor4 2.048 10. AT OANK AIID 111 trIANri 102¥ Lloyds 84nk Lloyds Prudent Account Lloyds Reserves bor¢layi Colt. Barclays Fabr*- UoRd Barcla￿ Youth Ch)l¢d 30.3L5 50.1¥1 858,434 98,680 31,146 37,491 74J Totil 938 9JO XI. CAeDITO*I AND AeCIiUALII AN￿￿TI FALLiNa DUI WIYMIN oNe YeAR Toi41 202> 2024 1,260 12. CAIDITOMAIID ACCIIUALII AMDuNY• PALLIM• DUI IN TMAN ONe YEAR The Tiustees aciively re￿try t14 major which th• chority facei on • i•qulai Dnd bellm thDt moint•ining the I￿e ieJeNei Itittd combltied wltn th* •nnupl or the Eonliylj o¥•r kiy fln•ncllll sYJtem• ¢atheO out on •n annual baith wiii ptOvk1e sym¢l¢nt r•¥ourc•¥ kn the evqnt of Jdverse